IHS Chemical Week

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May 2, 2014
Niagara Fiber, which is owned by private equity firm Arsenal Capital (New York), has announced it will acquire Allied Blending & Ingredients (ABI; Keokuk, IA), a maker of fiber and...
http://www.chemweek.com/regions/north_america/Arsenals-Niagara-Fiber-acquires-Allied-Blending_60768.html
May 2, 2014

Phillips 66 (Houston) reports that its chemical segment, comprising a 50% share in Chevron Phillips Chemical, turned in first-quarter earnings of $316 million, up 20% year-on-year.

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http://www.chemweek.com/regions/north_america/Phillips-66-chemical-earnings-up-20-percent-YOY-on-improved-benzene-margins_60767.html
May 2, 2014
Sun Pharma (Mumbai), India’s major pharmaceuticals player, said today that it is closing its Detroit manufacturing plant as part of a consolidation. The company has not said how...
http://www.chemweek.com/regions/north_america/Sun-Pharma-to-close-Detroit-plant_60764.html
May 2, 2014
LyondellBasell Industries has received a key permit required in the company's ethylene expansion program, the company announced today. The investments are expected to provide an...
http://www.chemweek.com/regions/north_america/LyondellBasell-gets-permit-for-ethylene-expansion-at-Corpus-Christi_60762.html
May 2, 2014
Cambrex (East Rutherford, NJ) reports a 91.2% fall in net profits for the first quarter of 2014 compared with the year-ago period, to $982,000. First-quarter sales decreased 11.2%, to...
http://www.chemweek.com/regions/north_america/us/Cambrex-reports-huge-fall-in-profits_60760.html
May 2, 2014
Stepan says that Scott Behrens has been appointed v.p. and general manager/surfactants, effective 5 September. Behrens will succeed John Venegoni, who will retire on the same day...
http://www.chemweek.com/regions/north_america/us/Stepan-appoints-new-v-p-and-general-managersurfactants_60755.html
May 2, 2014
BASF today reported a 2% rise in first quarter net income to €1.48 billion ($2.05 billion) on 1.1% lower sales of €19.5 billion. Earnings before interest and tax (Ebit)...
http://www.chemweek.com/regions/north_america/BASF-plans-methane-to-propylene-investment-in-the-US-reports-higher-income_60752.html
May 1, 2014
TPC Group (Houston) says its board has approved funds to proceed with the engineering of a third production unit for highly reactive polyisobutylenes. The  capacity will address increased demand spurred by changes in lubricating oil standards....
http://www.chemweek.com/regions/north_america/TPC-moves-forward-on-design-of-third-polyisobutylene-unit_60751.html
May 1, 2014
Williams is considering the construction of a second ethane cracker at its Geismar, LA, facility. The company currently envisions a greenfield project in which joint-venture partners would build associated derivative capacity....
http://www.chemweek.com/regions/north_america/Williams-looks-at-joint-venture-ethane-cracker-for-Geismar_60747.html
May 1, 2014
Nova Chemicals reports first quarter profit of $245 million, up 32% year-over-year (YOY) on gains in the olefins/polyolefins business unit. Sales totaled $1.38 billion, up 10% YOY....
http://www.chemweek.com/regions/north_america/Nova-Chemicals-profits-up-32-percent-on-polyethylene-earnings_60729.html
May 1, 2014
Nova Chemicals CEO Randy Woelfel has left the company after failing to reach agreement on a contract extension, a company official says....
http://www.chemweek.com/regions/north_america/us/Nova-Chemicals-CEO-exits-after-failing-to-reach-agreement-on-contract_60746.html
May 1, 2014
Enterprise Products Partners (Houston) reports record first-quarter net income of $807 million, up 6.9% year-over-year (YOY) on gains in services related to natural gas, offset by petrochemicals and services related to crude oil and refined products. Sales totaled $12.9 billion, up 13.4% YOY....
http://www.chemweek.com/regions/north_america/Enterprise-earnings-up-6-9-percent-on-gains-from-new-assets_60732.html
May 1, 2014
Airgas today reported earnings for the quarter ended 31 March of $88.3 million, up 2% year-on-year (YOY) on sales flat at $1.27 billion. Earnings per share of $1.17/share fell below...
http://www.chemweek.com/regions/north_america/Airgas-reports-flat-sales-on-sluggish-conditions_60733.html
May 1, 2014
PolyOne today reported first-quarter net income of $29.4 million, or 31 cts/share, up 93.4% year-on-year (YOY), on sales up 25%, to $1 billion. Adjusted earnings totaled 44 cts/share...
http://www.chemweek.com/regions/north_america/PolyOne-earnings-rise-on-Spartech-synergies_60736.html
May 1, 2014
BioAmber (Montreal) has signed its first take-or-pay contract for biosuccinic acid, the company announced today. The company, under the terms of the agreement, will be the principal...
http://www.chemweek.com/regions/north_america/BioAmber-signs-first-take-or-pay-contract-for-biobased-succinic-acid_60727.html
May 1, 2014
Amyris (Emeryville, CA) says it has joined forces with a number of other parties to form the Brazilian Industrial Biotechnology Association (ABBI). The new trade association brings...
http://www.chemweek.com/regions/south_america/brazil/Amyris-and-partners-launch-Brazilian-industrial-biotech-association_60721.html
May 1, 2014
CHS (St. Paul, MN), North America's leading farmer-owned cooperative and a global energy, grains, and foods company, said on Wednesday that it has signed an agreement with Sinav...
http://www.chemweek.com/regions/north_america/CHS-to-acquire-Illinois-River-Energy-ethanol-plant_60719.html
May 1, 2014
Sasol Chemicals (USA) and Boardwalk Louisiana Midstream (BLM), a unit of Boardwalk Pipeline Partners, have signed long-term ethane and ethylene storage and transportation agreements...
http://www.chemweek.com/regions/north_america/Sasol-signs-storage-transportation-agreements-with-Boardwalk-Louisiana-Midstream_60718.html
May 1, 2014
Aceto (Port Washington, NY) says that its wholly owned subsidiary Rising Pharmaceuticals (Allendale, NJ) has completed the previously announced acquisition of Pack Pharmaceuticals...
http://www.chemweek.com/regions/north_america/us/Aceto-completes-acquisition-of-Pack-Pharmaceuticals_60716.html
May 1, 2014
Methanex reports net income for the first quarter of $145 million, up 142% year-on-year (YOY), on sales of $968 million, up 48%. Although adjusted earnings increased 79% YOY, to $1.65/share, they fell well below the consensus estimate of $1.92/share. Analysts attributed the shortfall to unplanned outages and gas curtailments....
http://www.chemweek.com/regions/north_america/Methanex-income-more-than-doubles-but-earnings-well-short-of-estimates-on-outages-feeds_60695.html
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